Mining Technology & Minerals Market Research News

Mining automation market driven by growing need for worker safety

Mining Market Research

Robotic automation eliminates the need for human labor in the mining process. It requires a large amount of capital where the labor costs are low.

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According to MarketIntelReports' “Global Mining Automation Market Size, Status and Forecast 2022”:

Browse 101 Pages and an in-depth TOC on “Mining Automation Market 2017-2022 ” here

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Robotic automation eliminates the need for human labor in the mining process. It requires a large amount of capital where the labor costs are low.

The Mining Automation Market consists of process and software automation. Software automation deals with the application of robotic technology to the mining equipment.

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For having efficiency and control over their operations, mining companies may make use of robotic mining equipment. The need for worker safety and improving productivity are the main factors which propel the growth of the industrial automation controls.

Underground mining poses a high risk for workers since toxic gases are released in the working sites. This has led to the demand for the mining automation in the underground mining operations.

Scope & Regional Forecast of the Mining Automation Market

The need for reduction in operating costs bolsters the growth of the Mining Automation Equipment during the forecast period. The requirement to improve productivity also augments the demand for automated mining control systems.

The equipment segment is expected to have the largest share in the market. Factors like increasing productivity, growing need for safety in mines, and controlling costs augment the growth of automatic mining during the forecast period.

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Asia Pacific will dominate the market in the coming years. This is attributed to the usage of the digging robot by the leading companies like Rio Tinto, FMG Group, and BHP Billiton.

Growing digitalization of the mines have also attracted investments in automining.

The benefits of using mining automation include improved safety, better fuel efficiency, better vehicle utilization, and reduced driver fatigue. Many mining companies today are looking forward to save their costs and maintain safety.

Automation is the answer for them.

Segmentations & Key Players Involved in the Mining Automation Market

The Mining Automation Market can be broken down into various segments as follows:

  • Product- Equipment, Software, and Communications System.
  • Application- Mine Development, Mining Process, and Mine Maintenance.
  • Region- United States, EU, Japan, China, India, and Southeast Asia. 
  • Some of the key players involved in the Mining Automation Market are as follows:
  • Caterpillar
  • Komatsu
  • Sandvik
  • Atlas Copco
  • Hexagon

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